WWE released its financial results for the first quarter of 2020 on Thursday. Despite layoffs of over 20 performers and employees, the company announced strong earnings with revenues increasing 60% to $291M from Q1 in 2019. But, notably, the earnings call included the news that there would not be a new WWE2K video game. When […]
financial
Without new content, Endeavor and UFC debt ratings to take a hit
As UFC 249 and subsequent events were shut down by Disney, the company’s debt ratings may take a dip according to S&P Global Ratings. According to Forbes, Endeavor Operating Co., LLC and UFC Holdings, LLC were put on credit watch negative because of the impact of event cancellations during the coronavirus outbreak. The UFC planned […]
Endeavor Operating Co., LLC, UFC Holdings, LLC face downturn in corporate debt rating
As the world is on pause due to concerns over the spread of the Coronavirus, Endeavor Operating Co., LLC and UFC Holdings, LLC may face issues with its credit. S&P Global put Endeavor Operating Co., LLC and UFC Holdings, LLC, including the ‘B’ issuer credit rating on CreditWatch with negative implications. According to a report […]
WWE announces Q4 financial results, hints at potential deal for digital platform
WWE announced its results for the fourth quarter of 2019 on Thursday. It also noted that it may sell the rights to its WWE Network as subscribers have decreased. WWE Chairman and CEO Vince McMahon stated its close to selling its PPV event rights to a “major streaming service.” An announcement could happen as soon […]
UFC 246 draws 1M PPV buys, helps in building ESPN+ subscriber base
The UFC’s relationship with the Walt Disney Company-owned ESPN has been fruitful for both entities. According to Disney’s Fiscal First Quarter 2020 Financial Results, it was revealed that the return of Conor McGregor brought in “about a million pay-per-view purchases and a half a million new subscribers” per CEO Robert Iger. The PPV benchmark would […]